According to the BCREA (British Columbia Real Estate Assoaciation), the number of home sales in BC have increased 9.9% over the same period in 2016. The average MLS residential price for homes sold have increased 18% from September 2016.
Cameron Muir, BCREA Chief Economist:
“Total active listings on the market continue to trend at ten-year lows in most BC regions, limiting unit sales and pushing home prices higher. While the economic fundamentals support elevated housing demand, rising home prices are eroding affordability, particularly for first-time buyers.”